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A new funding solution from a non-bank lender will let businesses borrow up to $100,000.
Equipment leasing finance firm Selfco has launched CapRaise, a lending product designed to give businesses “fast and flexible” access to capital by unlocking equity in unencumbered assets.
CapRaise is available to both property owners and non-property owners and lets businesses access loan amounts ranging from $25,000 to $100,000.
CapRaise can be used for a range of business needs, including working capital management, business expansion, acquisition financing, inventory management, and tech investment.
The new product features no monthly fees, flexible loan terms up to 60 months, and simple digital documentation via DocuSign.
Selfco – a specialist equipment leasing finance company owned by Auswide Bank – said the product has a fast approval process, enabling brokers to provide “quicker, simple options” for clients.
Brokerage incentives and structured commissions are available to brokers, Selfco said.
Commenting on the new product, Selfco’s head of sales Malcolm Withers said: “This is an exciting milestone for Selfco and the broker community.
“CapRaise is a direct response to the evolving needs of businesses looking for smart, asset-backed funding solutions.
“We understand that brokers need fast, flexible options to help their clients grow, and CapRaise delivers exactly that.
“We’re excited to see brokers leverage this product to unlock new opportunities for their clients and build lasting relationships.”
Rob Burden, general manager at Selfco, said: “At Selfco, we are committed to continuously innovating and delivering market-leading financial solutions that empower brokers.
“CapRaise is a perfect example of how we listen to the broker community and respond with a product that enhances their ability to serve clients. This product aligns with our strategy of driving efficiency, reducing funding barriers, and reinforcing the critical role brokers play in business growth.”
Auswide Bank-owned Selfco operates nationally via a network of accredited finance brokers who help business owners acquire the equipment, machinery, and vehicles needed to grow their enterprises (via a range of financing solutions).
Last week, the lender joined LMG’s lending panel in a move to widen commercial asset finance options for the aggregation group’s brokers and their clients.
[Related: LMG adds Selfco to lender panel in asset finance growth push]
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